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    Rang De is India’s first online microlending platform. The Web-based social initiative supports rural entrepreneurs with access to cost effective capital for business and education needs. Rang De raises social capital from individuals who can become social investors by lending as little as R100. Through this fundraising model, Rang De is able to reduce the cost of capital to the end user. Social investors get back their investments with a nominal financial return of 2% per annum.

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    Microfinance India Summit 2011 - MFIs: Painting a Recovery

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    Rang De is India’s first online microlending platform. The Web-based social initiative supports rural entrepreneurs with access to cost effective capital for business and education needs. Rang De raises social capital from individuals who can become social investors by lending as little as R100. Through this fundraising model, Rang De is able to reduce the cost of capital to the end user. Social investors get back their investments with a nominal financial return of 2% per annum.

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    Microfinance India Summit 2011 - MFIs: Painting A Recovery

    Uploaded by

    Rang De
    Rang De is India’s first online microlending platform. The Web-based social initiative supports rural entrepreneurs with access to cost effective capital for business and education needs. Rang De raises social capital from individuals who can become social investors by lending as little as R100. Through this fundraising model, Rang De is able to reduce the cost of capital to the end user. Social investors get back their investments with a nominal financial return of 2% per annum.

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    mint

    WEDNESDAY, DECEMBER 14, 2011, DELHI WWW.LIVEMINT.COM

    IN DETAIL 11
    HEMANT MISHRA/MINT

    MFIs: PAINTING A RECOVERY

    Comparative performance of top five MFIs


    2010 2011 2010 2011

    SKS
    Clients (million) Growth (%)

    5.80 6.24
    Loans (R crore)

    8%

    2,970 4,111 38%

    Spandana
    Clients (million) Growth (%)

    3.66 4.18 14%

    Loans from financial institutions for MFIs


    Public sector banks Private sector banks Foreign banks RRB's Sidbi*

    Top 10 MFIs by outreach


    Rank Name Outreach (million) Loan outstanding (R crore) Own funds Borrowings

    Loans (R crore)

    2,160 3,458 60%

    Loans disbursed during 2010-11


    Total 732.84

    (R crore)

    Outstanding loans as on 31 March 2011 (R crore)


    Total 1,261.88

    1 2 3 4 5 6 7 8 9 10

    SKS Spandana Bandhan SHARE Basix SKDRDP Asmita Equitas Grama Vidial Ujjivan Total

    6.24 4.18 3.25 2.84 1.53 1.38 1.34 1.30 0.93 0.84 23.85

    4,111 3,458 2,507 2,065 1,249 958 1,325 794 520 625 17,611

    1,781 NA 377 301 210 25 215 304 90 116 3,419

    2,236 1,195 1,848 2,098 1,231 871 1,194 592 347 472 10,889

    504.8 409.5 284.62 362.29 1.55 0.01 84.38


    *Small Industries Development Bank of India

    Bandhan
    Clients (million) Growth (%)

    2.30 3.25
    Loans (Rcrore)

    42%

    43.37 0.03 304.18

    1,210 2,507

    107%

    The regional story: a skewed trend


    North North-East East Central West South

    Client outreach and loan values: how the MFIs fared


    Size of portfolio Class No. of MFIs

    SHARE
    Clients (million) Growth (%)

    2.36 2.84 20%

    Share of clients (in%)


    2009-10

    Share of loans (in%)


    2009-10 2010-11

    More than R100 crore R50 to 100 crore R10 to 50 crore Less than R10 crore

    Mega Large Medium Small


    Total 82

    2.1 1.9 21.3 9.5 14.2

    2010-11

    4.8 3.2 17.9 16.7 12.1

    4.3 1.8 22.5 9.9 6.8

    3.7 3.6 18.1 14.3 11.4

    27

    15

    26

    14

    Loans (Rcrore)

    1,720 2,065 20%

    Client outreach by size of MFIs


    4.83%
    Large

    Share of loan values, size-wise


    4.58%
    Large

    BASIX
    Clients (million) Growth (%)

    1.11

    51.1

    45.3

    54.8

    48.9

    1.53

    37%

    3.95%
    Medium Small

    90.73%
    Mega

    3.07%
    Medium Small

    92%
    Mega

    Loans (R billion)

    790 1,249

    0.50%

    0.35%

    58%

    Web-based microfinance
    Rang De is Indias first online microlending platform. The Web-based social initiative supports rural entrepreneurs with access to cost effective capital for business and education needs. Rang De raises social capital from individuals who can become social investors by lending as little as R100. Through this fundraising model, Rang De is able to reduce the cost of capital to the end user. Social investors get back their investments with a nominal financial return of 2% per annum. They have the ability to track the progress of their investments and interact with the borrowers who they have lent money to. Rang De has reached out to more than 10,127 borrowers across India with the help of 2,906 social investors. The organization has raised and disbursed more than R5 crore to borrowers and has a repayment rate of 98.56%. Rang De works with 25 field partners across Orissa, West Bengal, Manipur, Madhya Pradesh, Maharashtra, Karnataka, Tamil Nadu, Kerala, Jharkhand, Bihar and Gujarat.
    Graphics by Sandeep Bhatnagar/Mint

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